9,741 Shares in Kimberly-Clark Corporation $KMB Bought by Mangrove Partners IM LLC

Mangrove Partners IM LLC bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB) in the fourth quarter, HoldingsChannel.com reports. The firm bought 9,741 shares of the company’s stock, valued at approximately $983,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Kimberly-Clark by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company’s stock worth $4,121,027,000 after purchasing an additional 315,981 shares during the period. State Street Corp boosted its stake in Kimberly-Clark by 1.4% in the 4th quarter. State Street Corp now owns 21,125,118 shares of the company’s stock worth $2,157,746,000 after purchasing an additional 294,228 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Kimberly-Clark by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company’s stock worth $1,202,322,000 after purchasing an additional 299,382 shares during the period. Geode Capital Management LLC boosted its stake in Kimberly-Clark by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company’s stock worth $836,216,000 after purchasing an additional 65,619 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in Kimberly-Clark by 50.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock worth $790,934,000 after buying an additional 2,628,206 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KMB has been the topic of several analyst reports. Wells Fargo & Company cut their price target on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Bank of America cut their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. UBS Group boosted their price target on shares of Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Zacks Research cut shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $114.93.

Kimberly-Clark Trading Up 1.1%

Shares of NASDAQ:KMB opened at $104.28 on Wednesday. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $137.46. The company has a market capitalization of $34.61 billion, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 4.63 and a beta of 0.28. The company has a 50-day simple moving average of $98.09 and a 200 day simple moving average of $100.88. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period last year, the business posted $1.93 EPS. Kimberly-Clark’s revenue was up 2.7% on a year-over-year basis. Sell-side analysts forecast that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 4.9%. The ex-dividend date is Friday, June 5th. Kimberly-Clark’s dividend payout ratio (DPR) is 80.38%.

Insider Activity

In related news, VP Andrew Scribner sold 4,095 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the sale, the insider owned 8,362 shares of the company’s stock, valued at $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 7,096 shares of company stock valued at $689,687 over the last quarter. 0.75% of the stock is currently owned by company insiders.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.